Rent vs Buy in Yakima, WA
Monthly cost of renting vs owning a median-priced home · 30-yr fixed, 20% down
Renting looks favorable in Yakima, WA
Price-to-rent ratio is 22.8 (under 15 favors buying, over 21 favors renting). Renting costs $1,335/mo; owning runs about $2,724/mo — $1,389/mo more to own.
| Monthly cost to own | Amount |
|---|---|
| Mortgage (P&I, 6.95% rate) | $1,933 |
| Property tax | $335 |
| Home insurance | $152 |
| Maintenance | $304 |
| Total to own | $2,724 |
| Average 2BR rent | $1,335 |
Based on a median home value of $365,096 with a $73,019 down payment. Owning also builds equity over time, which a monthly comparison doesn't capture. Estimates use national averages for taxes, insurance and maintenance — your actual costs will vary.